Should the new house go in a trust or an LLC?
For a home you'll live in, the answer usually sits closer to trust than LLC — but this is your attorney's call, not mine and not the internet's. The mechanics differ in ways that matter here. A house in an LLC can lose homestead treatment — Minnesota's property-tax classification for a home you occupy — and it complicates financing and insurance for an owner-occupied place. LLCs earn their keep on rentals, where liability protection is the point.
A trust is built for this job: privacy on the title, smoother estate handling, and arranged correctly, your homestead status stays intact. Many buyers close in their own name, then deed into the trust on their attorney's schedule.
I'm not a lawyer or a CPA, and this isn't legal or tax advice. What I'll do is coordinate the closing with whoever is — so the title lands where the plan says it should.
I wrote this answer, and I stand behind it. I'm Chris Deutsch, a Minneapolis Realtor (MN #20382264). Twenty-five years of walking these neighborhoods, checking basements, and sitting across kitchen tables from people making exactly this call. I re-check every answer and date it — this one was last verified .
If your situation is more specific than the market, that's the one worth talking through. Email me at chris@lakesarearealty.com.